Republic Services (RSG) Given News Impact Rating of 0.16

Press coverage about Republic Services (NYSE:RSG) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Republic Services earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 47.0659695279959 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Several equities analysts recently weighed in on the company. Stifel Nicolaus upgraded Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $73.00 in a research note on Thursday, January 4th. Zacks Investment Research lowered Republic Services from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. BMO Capital Markets cut their price objective on Republic Services from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Credit Suisse Group cut their price objective on Republic Services from $69.00 to $67.00 and set a “neutral” rating for the company in a research note on Monday, November 6th. Finally, Bank of America lowered their target price on Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $68.14.

Shares of Republic Services (NYSE RSG) traded up $0.12 during midday trading on Friday, reaching $68.38. The company’s stock had a trading volume of 964,537 shares, compared to its average volume of 1,380,000. Republic Services has a 52 week low of $56.65 and a 52 week high of $69.12. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $22,850.00, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 3.12 and a beta of 0.61.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.54 billion. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. analysts predict that Republic Services will post 2.4 EPS for the current fiscal year.

Republic Services declared that its board has initiated a stock repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.345 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.38 annualized dividend and a yield of 2.02%. Republic Services’s dividend payout ratio is presently 58.47%.

In other news, insider Donald W. Slager sold 32,421 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $64.00, for a total transaction of $2,074,944.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Donald W. Slager sold 98,132 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $64.19, for a total transaction of $6,299,093.08. Following the sale, the chief executive officer now owns 322,541 shares of the company’s stock, valued at approximately $20,703,906.79. The disclosure for this sale can be found here. Insiders sold 134,553 shares of company stock valued at $8,644,937 in the last 90 days. 0.40% of the stock is currently owned by insiders.

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Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

Insider Buying and Selling by Quarter for Republic Services (NYSE:RSG)

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